May 1, 2023
First Republic makes last ditch bid to find rescue deal
US regulators are racing to find a rescuer to buy First Republic Bank in a deal that could be announced as soon as Sunday.The Federal Deposit Insurance Corporation has reportedly asked six banks to bid for the embattled lender. Shares in First…
April 28, 2023
Microsoft furious after Call of Duty deal blocked
Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision, saying the EU was a better place to start a business. The move was "bad for Britain" and marked Microsoft's "darkest day" in its four decades of…
April 26, 2023
Engagement ring sales are down sharply, according to America’s biggest jeweler
New York CNN — It seems to be a turbulent time for retailers who cater to couples in love. On the heels of David’s Bridal, the largest seller of wedding dresses declaring bankruptcy last week, another big seller of symbols of enduring love, like…
April 21, 2023
Another FirstCaribbean sale blocked
FirstCaribbean International Bank Limited's (FCIB) sale of its St Kitts operation has fallen through as the Eastern Caribbean Central Bank (ECCB) decided not to grant final approval for the transaction. FCIB had announced in October 2021 that it was…
April 20, 2023
Facebook owner Meta sees latest layoffs begin
Facebook owner Meta has started notifying staff who are losing jobs in the wave of 10,000 job cuts the social media company announced last month. Boss Mark Zuckerberg had said the layoffs are key to making the company more efficient. Meta, which…
April 14, 2023
Government not worried about investors invoking Belize-UK treaty
The Belize government says it remains confident despite a move by the British Caribbean Bank Limited and Prize Investment Holdings Limited to invoke the bilateral investment treaty between Belize and the United Kingdom over Belmopan’s rejection of…
April 13, 2023
IMF says it is working “hard” to resume programme with Suriname
The International Monetary Fund (IMF) Thursday said it has been working very hard” with Suriname, and hopes to send a mission to the Dutch-speaking Caribbean Community (CARICOM) country as soon as possible. The acting director of the IMF Western…
April 7, 2023
Russian rouble falls to lowest value for a year
The Russian rouble has fallen to its lowest value for a year, since shortly after Russia invaded Ukraine. The currency slid to 82 roubles against the US dollar on Friday morning on the Moscow Stock Exchange (MOEX). Russia has been hit with massive…
April 3, 2023
Oil price surges
Oil prices have surged after several of the world's largest exporters announced surprise cuts in production. The price of Brent crude oil is trading close to $85 a barrel after jumping by almost 6%. Economists warned that higher oil prices could…
April 1, 2023
Italy temporarily blocks ChatGPT over privacy concerns
ROME (AP) — Italy is temporarily blocking the artificial intelligence software ChatGPT in the wake of a data breach as it investigates a possible violation of stringent European Union data protection rules, the government’s privacy watchdog said…